Chevy Chase Trust Holdings LLC Boosts Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Chevy Chase Trust Holdings LLC grew its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 51.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 186,434 shares of the company's stock after acquiring an additional 63,209 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.08% of CrowdStrike worth $65,733,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CRWD. FSA Wealth Management LLC increased its holdings in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC increased its stake in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC lifted its stake in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its holdings in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other news, Director Gerhard Watzinger sold 2,600 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $378.93, for a total value of $985,218.00. Following the completion of the transaction, the director now directly owns 60,291 shares in the company, valued at approximately $22,846,068.63. This represents a 4.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,060 shares of company stock valued at $87,750,868 in the last 90 days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $6.43 on Tuesday, reaching $485.38. The stock had a trading volume of 3,627,995 shares, compared to its average volume of 4,800,998. The business's 50 day moving average is $442.88 and its two-hundred day moving average is $397.93. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $497.45. The company has a market cap of $120.98 billion, a P/E ratio of -703.45 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.93 EPS. The business's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. Needham & Company LLC raised their price objective on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Oppenheimer raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Jefferies Financial Group raised their price objective on CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus upped their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $453.17.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.